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The latest announcement is out from Meitu ( (HK:1357) ).
Meitu, Inc. plans to overhaul its constitutional documents by replacing its existing articles of association with a new set to be voted on at its 2026 annual general meeting. The changes are designed to align with updated Cayman Islands law and Hong Kong listing rules, including clearer treatment of treasury shares and greater flexibility in declaring and distributing dividends by removing the need for an ordinary resolution to pay dividends from the share premium account.
The company also aims to modernize its corporate governance framework by supporting a more paperless regime, enabling electronic shareholder communications, electronic payment of corporate action proceeds, and electronic voting, in line with Hong Kong’s Uncertificated Securities Market initiative. These steps, along with minor housekeeping amendments, should streamline shareholder interactions, enhance regulatory compliance, and potentially improve capital management efficiency for Meitu and its investors.
The most recent analyst rating on (HK:1357) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on Meitu stock, see the HK:1357 Stock Forecast page.
More about Meitu
Meitu, Inc. is a Hong Kong‑based technology company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. The company operates in the digital and internet sector, best known for its photo and video editing apps and related services targeting consumer and social media users, particularly in mainland China and other Asian markets.
YTD Price Performance: -38.86%
Average Trading Volume: 67,084,263
Technical Sentiment Signal: Sell
Current Market Cap: HK$19.63B
Learn more about 1357 stock on TipRanks’ Stock Analysis page.